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ACAMS CAMS Exam Dumps - Actual Questions Answers

ACAMS CAMS Last Week Results!

10

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ACAMS CAMS

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87%

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313

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ACAMS CAMS Questions Answers

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CAMS Questions and Answers

Question # 1

Which of the following are key components of the Know Your Customer (KYC) process? (Select Two.)

A.

Inquiring about the source of wealth and source of funds

B.

Asking to provide a list of immediate family members

C.

Verifying the financial crime awareness of the client

D.

Collecting necessary documents to verify the veracity of information

Question # 2

Common risks associated with cryptocurrency and convertible virtual currencies include: (Choose three.)

A.

funds being stolen from other users.

B.

obscuring the source of illicit funds.

C.

layering transactions to hide the origin of funds derived from illicit activity.

D.

difficulty converting into physical currency.

E.

facilitating payment for other illicit activities and goods.

Question # 3

Which of the below statements are supported by the Financial Action Task Force (FATF) 40 Recommendations adopted in 2012? (Select Two.)

A.

Customer privacy regulations should guide the development of due diligence and other money laundering and terrorist financing preventive measures.

B.

Nations should work towards implementing targeted financial sanctions in alignment with the UN Security Council.

C.

Nations should take measures to ensure there is transparency to the beneficial ownership of legal persons.

D.

Nations should establish frameworks that take a risk-based approach to prevent and mitigate money laundering and terrorist financing.

E.

Governments must work toward developing identical administrative and operational frameworks for investigating and prosecuting crime.

F.

Regulators should direct Financial Institutions to establish appropriate frameworks to avoid banking higher risk customers.

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